Can I get a 100% morgage loan to buy a house in the us?

Question

if you have the morgage company name and the state where they lend that would help

Please not that I am a canadian citizen moving in the us ( michigan ) and I don't really have a credit history in the us . only 6 months credit history with my debit/credit card. but I make 107K a year.

Answer 1

Geez I hate seeing all these people trying to solicit business in this section, don't listen to them they may not even be able to help you in the state you are moving to. What you want to do is find a mortgage broker not a bank in the town you will be moving to. You want someone who knows the area and someone you can meet face to face. Call a realtor and see who they recommend. There are financial institutions that lend 100% to foreign nationals. A mortgage broker works with lots of financial institutions and let them do all the research for you.

Answer 2

If the assessed value of the property is high enough, you might be able to get a 100% mortgage since the property would serve as collateral. I'm talking about the assessment the lender makes, not the tax assessment since those can be way off the actual value of the property.

Even if you don't have a lot of credit background in the US, as long as you don't have anything negative, you can probably get a loan since you have a good salary.

Answer 3

You failed to give the state you are residing in.

All you need is a green card and a steady job that you are working in using your education or work experience and that will count as time on the job. Federal lwas forbid discrimination regarding country of origin. Past Canadian credit may b eused, as can cell phone bills, utility company bills and credit card bills to build a credit history.

Use a local bank as they will give you presonal service and guidance. They will likely also give you a better interest rate as they are regulated by federal law more closely than other lenders who are supposed to use the same criteria.

Answer 4

Yes. To get any loan you will need a good credit score. That is dependent upon payment history (do you pay on time); how much debt do you have now and what percent of your income is your debt. In general, if you owe less than 28% of what you earn before taking out taxes on everything except housing and if you owe less than 41% of your income before taxes on everything including housing expense (this includes utilities, maintenance, taxes, insurance for the house, etc), then you are in good shape.
Any mortgage company can loan you money in your state if they can loan money in theirs. I suggest you get a local lender. Getting one online means if they don't return your calls you are out of luck. I want one that I can drive across town and stand in front of their desk if I absolutely need to get an answer to something. In general banks cost more than do mortgage companies. Mortgage brokers (companies that do business with lots of lenders) cost a little more but often are more helpful so this is a small tradeoff. Go visit one or two and pick based on how they come across. Get a "good faith estimate" of your closing costs. Don't pay more than 1% for loan origination fee (that the profit the loan company is making). Some try to charge 2% or even more. Good luck!

Answer 5

What is your credit score?? I am a loan specialist I may be able to help you...But I need more detail like will you have a job when you get here, are you in debt? You can contact me at [e-mail]. I will charge 1pt for origination fee.
No up-front fees

Answer 6

yes you can. a lot of it depends on your credit and the amount of the loan.

companies like homecoming, washington mutual are a few that I've gotten 100% financing with.

Answer 7

Yes you can get a 100% loan. I am a loan officer, and can help you get ahome loan. e-mail me at [e-mail]. We have over 300 lenders that can fund your loan.

Answer 8

yes. this company can do it in any state.